How much does Olam Food Ingredients UK Limited make?

Olam Food Ingredients UK Limited reported revenue of £21.6m and £1.5m profit in the year to 31 Dec 2022, according to its accounts filed at Companies House.

How many employees does Olam Food Ingredients UK Limited have?

Olam Food Ingredients UK Limited reported an average of 48 employees in the year to 31 Dec 2022.

Is Olam Food Ingredients UK Limited profitable?

Yes — Olam Food Ingredients UK Limited reported a profit of £1.5m in the year to 31 Dec 2022.

Company No. 02891838 · Incorporated 26 Jan 1994

Olam Food Ingredients UK Limited

Registered name: OLAM FOOD INGREDIENTS UK LIMITED

Part of Minister Of Finance, Singapore group

Olam Food Ingredients UK Limited made £21.6m revenue and £1.5m profit in the year to 31 Dec 2022.

Olam Food Ingredients UK Limited’s revenue grew 9% to £21.6m in the year to 31 Dec 2022, with £1.5m profit and 48 employees. The company is classified under “manufacture of oils and fats” and is based in London; we hold 2 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 10410Manufacture of oils and fats

Status: Active
Location: London, London
Age: 32 yrs · since 1994
Type: Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.

Latest accounts · year to 31 Dec 2022

Key figures

Revenue

£21.6m

Growth ▲9.5%

Profit

£1.5m

Growth ▼18.7%

Profit margin

6.7%

Gross 34.1%

Employees

Change ▲4.3%

Profit / employee

£30.3k

Revenue/employee £450k

Profitable streak

2yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2021	31 Dec 2022
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£19.7m	£21.6m
Cost of sales	£12.4m	£14.2m
Gross profit	£7.4m	£7.4m
Operating profit	£1.8m	£1.7m
Profit before tax	£2.4m	£2.2m
Profit after tax	£1.8m	£1.5m
Profit (best available)	£1.8m	£1.5m
Employees (average)	46	48
Ratios
Profit margin	9%	6.7%
Gross margin	37.3%	34.1%
Revenue per employee	£429k	£450k
Profit per employee	£38.8k	£30.3k
Growth (year on year)
Revenue growth	—	▲9.5%
Profit growth	—	▼18.7%
Headcount growth	—	▲4.3%
Balance sheet — indirect signals, not revenue
Cash at bank	£2.1m	£535k
Net assets	£26.8m	£28.3m
Fixed assets	£4.2m	£3.8m
Current assets	£23.7m	£25.8m
Debtors	£3.3m	£4.2m
Deferred income	£285k	£239k
Source	FullAccounts · bulk data Jan 2024	FullAccounts · bulk data Jan 2024

Derived from the latest filing

How the business works

Profit margin: 6.7%; Profit ÷ revenue.
Gross margin: 34.1%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £450k; Revenue ÷ average employees.
Profit per employee: £30.3k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 17.6%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 1.1%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 19.4%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: ▲5%; Now £28.3m
Cash at bank: ▼75%; Now £535k
Headcount: ▲4%; Now 48
Deferred income: ▼16%; Now £239k
Fixed assets: ▼9%; Now £3.8m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Minister Of Finance, Singapore (registered outside the UK register)ultimate parent50–75%
Ofi Group Limited75–100%
Olam International UK Limited75–100%
Olam Europe Limited75–100%
Olam Food Ingredients UK Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Sister companies (1)

Olam Storage and Distribution LimitedFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2022 (profit £1.5m), from the Companies House accounts bulk data published Jan 2024. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.